Steelers Salary Cap 2013 (part 2)

In part 1 of this article we looked at where things currently stand  in regards to the Steelers 2013 Salary Cap outlook.  Long story short, they appear to be roughly $24 million over the cap before addressing their own free agents.  Most notably Mike Wallace, Rashard Mendenhall, Max Starks, Byron Leftwich, Larry Foote, and Keenan Lewis are all free to test the open market.  Now we will take a look at what can be done, or more accurately what I would personally aim to do.

 

CUTS:

Obviously some drastic decisions will need to be made.  With lots of cap space tied up in retaining declining veterans while talented younger players are hitting the open market, they need to start by taking a hard look at cutting some big name older players.  To start, I'd personally cut James Harrison, Willie Colon, and Brett Keisel.  Each is aging, declining in production, and battling mounting injury issues.   Dropping these three players saves roughly $9 million in cap space.  


RESTRUCTURED DEALS

Next up is restructured deals.  Timmons and Woodley can be restructured by moving their 2013 base to future bonus which could free up another $9 million or so in cap space.   Ben Roethlisberger absolutely will be restructured or asked to agree to a new deal / extension.  His $20 million cap hit for 2013 is the biggest thing bogging down the cap.  I would consider doing an extension to his existing deal where a few years are added on to the back of the deal and more of his current base is converted to future guaranteed money down the line.   They can free up $10 million by doing this, and insure they have Ben under contract until he is 35 or so.  Three cuts and three restructures can free up somewhere between $25 and $30 million and get the team under the salary cap.   If they need a little more room to sign their UFA of choice they can take a look at restructuring or adding a year to the contracts of Troy Polamalu and Ryan Clark.  This would spread their large 2013 cap hit out a bit and clear up to $5 million more.   With all of these moves being made they can turn a $24 million deficit into a $10 million surplus.  That money would mostly be spent on a long term contract for Mike Wallace.  His new contract would be likely be back loaded as most NFL contracts are and allow enough leftover room to retain some low-level veterans like Max Starks and Byron Leftwich to round out the roster.  I'm estimating a 5-year, $55 million deal with about $20 million guaranteed for Wallace.  That is the deal Vincent Jackson just signed, and where Wallace's sights are rumored to be set.

The way I view the Steelers current roster is that they have only 3 elite play makers on either side of the ball in Roethlisberger, Brown, and Wallace.   There is no way I would be willing to lose Wallace now.  With so many recent draft misses, you can't afford to let one of your big draft homeruns to walk out the door at the end of his rookie deal.  I'd throw all of my available resources into locking down Wallace which would ensure the offensive side of the ball remains a strength while the defense rebuilds.   With all of the resources the Steelers spent in the draft to replace Burress, Holmes, and Randle El in recent years, it would make zero sense to have to spend more draft picks chasing receivers because they let Wallace walk out the door.  Obviously I would spend most of my draft picks on the defensive side of the ball while retaining my play makers and continuity on offense.  

Below is what the 53 man roster would look if the Steelers were to take the actions I outlined above.  Estimated cap hits reflecting cuts, restructured deals, and UFA signings are listed.

 

 

2013 ROSTER AND CAP 

Player Base Bonus Cap Hit Notes
Ben Roethlisberger 1,000,000 10,000,000 11,000,000 *Restructured deal
Lamarr Woodley 1,000,000 6,500,000 7,500,000 *Restructured deal
Lawrence Timmons 1,000,000 6,000,000 7,000,000 *Restructured deal
Troy Polamalu 3,500,000 3,887,500 7,387,500 *Restructured deal
James Harrison     5,000,000 DEAD MONEY
Ike Taylor 6,000,000 3,454,166 9,454,166  
Heath Miller 5,162,000 2,796,500 7,958,500  
Willie Colon     6,650,000 DEAD MONEY
Antonio Brown 2,000,000 4,200,000 6,200,000  
Ryan Clark 1,800,800 1,199,200 3,000,000 *Restructured deal
Brett Keisel     1,675,000 DEAD MONEY
Maukice Pouncey 977,250 1,550,625 2,527,875  
Evander Hood 660,000 1,775,860 2,435,860  
Cameron Heyward 984,548 844,096 1,828,644  
David Decastro 754,177 1,030,500 1,784,677  
Shaun Suisham 1,425,000 337,500 1,762,500  
Jerricho Cotchery 1,000,000 500,000 1,500,000  
Jason Worilds 630,000 355,000 985,000  
Mike Adams 254,300 623,950 878,250  
Marcus Gilbert 555,000 211,802 766,802  
Curtis Brown 555,000 130,300 685,300  
Cotez Allen 555,000 97,875 652,875  
Chris Carter 555,000 40,700 595,700  
Alameda Ta'amu 480,000 108,328 588,328  
Sean Spence 555,000 180,000 785,000  
Al Woods 575,000 0 575,000  
Baron Batch 555,000 11,628 566,628  
Wes Saunders 555,000 1,333 556,333  
Chris Rainey 480,000 45,250 525,250  
Kelvin Beachum 480,000 11,474 491,474  
David Paulson 480,000 11,474 491,474  
Drew Butler 480,000 0 480,000  
Robert Golden 480,000 0 480,000  
Will Johnson 480,000 0 480,000  
Adrian Robinson 480,000 0 480,000  
Jon Dwyer   1,300,000 1,300,000 RFA
Steve McClendon   1,300,000 1,300,000 RFA
Isaac Redman   1,300,000 1,300,000 RFA
Emmanuel Sanders   2,000,000 2,000,000 RFA
Stevenson Sylvester   1,300,000 1,300,000 RFA
Demarcus Van Dyke   1,300,000 1,300,000 RFA
Max Starks 900,000   900,000 UFA
Mike Wallace 2,000,000 5,000,000 7,000,000 UFA
Bryron Leftwich 900,000   900,000 UFA
Ryan Lee 500,000   500,000 PS promotion
Marshall McFadden 500,000   500,000 PS promotion
Josh Victorian 500,000   500,000 PS promotion
Tony Clemons 500,000   500,000 PS promotion
John Malecki 500,000   500,000 PS promotion
1st round pick     1,800,000 draft pick
2nd round pick     900,000 draft pick
3rd round pick     700,000 draft pick
4th round pick     600,000 draft pick
5th round pick     550,000 draft pick
6th round pick     500,000 draft pick
7th round pick     500,000 draft pick
      121,078,136  

 

And there you have it.  A 53 man roster, under the salary cap.  Restructuring 3-5 deals and cutting 3 players is quite a bit of work for one offseason, but I think it is possible.  Retaining Mike Wallace might be a pipe dream at this point, but I believe it is necessary and possible.   I can certainly see them giving up on the possibility of signing Wallace and instead focusing their energy on retaining Mendehall and Keenan Lewis as a fall back plan.  Regardless, they will certainly need to invest heavily on defense in the coming drafts.
 

Here is a roster view by position, obviously minus any future draft picks or UDFAs:

Potential 53
QB:  Ben - Leftwich 
RB:  Dwyer - Redman - Rainey - Batch - Johnson
TE: Miller - Saunders - Paulson 
WR: Wallace - Brown - Saunders -Cotchery - Clemons
OL:  Adams - Starks - Pouncey - Decastro - Gilbert - Lee - Malecki
DL:  McClendon - Taamu - Hood - Woods - Heyward 
LB: Worilds - Spence- Timmons - Woodley - Carter - Robinson - Sylvester - McFadden 
DB: Clark - Polamalu - Golden - Brown - Van Dyke - Taylor - Allen - Josh Victorian 
ST:  Butler - Suisham